The U.S. House of Representatives passed U.S. Senator Marco Rubio’s (R-FL) Pensacola and Perdido Bays Estuary of National Significance Act (S. 50) to direct the Environmental Protection Agency to formally enroll the Pensacola and Perdido Bays Estuary Program (PPBEP)...
U.S. Senator Marco Rubio (R-FL) released a statement on his nomination by President-elect Donald J. Trump to serve as the United States Secretary of State. “Leading the U.S. Department of State is a tremendous responsibility, and I am honored by the trust President...
U.S. Senator Marco Rubio (R-FL) joined The World Over with Raymond Arroyo to discuss President-elect Donald Trump’s historic victory, the Democrats’ response to the election, foreign policy challenges facing our nation, and more. See below for highlights and watch the...
U.S. Senator Marco Rubio (R-FL) joined America Reports to discuss President-elect Donald Trump’s historic victory, Democrats’ proclamation of “resistance,” and the failure of identity politics. See below for highlights and watch the full interview on YouTube and...
Senator Rubio's office is pleased to be issuing a limited number of tickets to President-elect Donald Trump's inauguration ceremony, which will occur on January 20, 2025 at the West Front of the U.S. Capitol. Floridians interested in receiving tickets should fill out...
U.S. Senator Marco Rubio (R-FL) joined Hannity to discuss President-elect Donald Trump’s historic victory. See below for highlights and watch the full interview on YouTube and Rumble. On the ongoing realignment among American voters: “The Republican Party now reflects...
Yes, We Should Restrict U.S. Investment in China
U.S. Senator Marco Rubio (R-FL)
December 7, 2023
[A] recent investigation reveals that U.S. firm BlackRock is funneling the assets of millions of unwitting Americans into Chinese companies directly backed by Beijing…. A separate report has uncovered similar behavior from Vanguard, the world’s second-largest asset manager….
A first step to a common-sense solution is outbound-investment screening, which would require firms such as BlackRock and Vanguard to notify the U.S. government when they invest in potentially dangerous foreign companies. Earlier this year, the Senate adopted an outbound-investment-screening mechanism into the annual defense bill….
Unfortunately, disagreements in the House appear likely to strip this provision from the final bill….
The critics warned that the provision would ultimately backfire because “we want Americans on the boards of Chinese companies spreading Western standards and complying with U.S. laws.” In other words, they still believe that the more money and presence Wall Street has in China, the more China will conform to American values.
The evidence doesn’t support the claim. In fact, the evidence says the opposite. Just look at the lengthy catalog of CEOs who spent $40,000 apiece to dine with Xi Jinping…because they hoped their fawning would win them favorable business prospects….
Companies exist to make money, and if that’s all they want to focus on, that’s their decision. But policy-makers exist to make America strong and keep Americans safe. When we must choose between Wall Street’s profits and the strength and security of the United States…we have every right and duty to prioritize the latter.